Globeflex Capital L P reduced its holdings in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 12.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 92,254 shares of the oil and gas producer’s stock after selling 13,600 shares during the period. Globeflex Capital L P’s holdings in Carrizo Oil & Gas were worth $2,325,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRZO. PNC Financial Services Group Inc. boosted its position in shares of Carrizo Oil & Gas by 91.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock valued at $156,000 after acquiring an additional 2,680 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Carrizo Oil & Gas by 26,788.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock valued at $183,000 after acquiring an additional 1,814,895 shares in the last quarter. Creative Planning acquired a new stake in shares of Carrizo Oil & Gas during the 2nd quarter valued at about $222,000. CIBC Asset Management Inc acquired a new stake in shares of Carrizo Oil & Gas during the 2nd quarter valued at about $278,000. Finally, First Hawaiian Bank acquired a new stake in shares of Carrizo Oil & Gas during the 3rd quarter valued at about $298,000. Institutional investors and hedge funds own 96.57% of the company’s stock.

In other news, COO John Bradley Fisher sold 7,500 shares of Carrizo Oil & Gas stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $25.01, for a total transaction of $187,575.00. Following the completion of the sale, the chief operating officer now owns 157,436 shares in the company, valued at approximately $3,937,474.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $23.82, for a total transaction of $190,560.00. Following the sale, the insider now owns 171,076 shares of the company’s stock, valued at approximately $4,075,030.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,500 shares of company stock valued at $556,695. 5.40% of the stock is owned by corporate insiders.

Shares of NASDAQ:CRZO opened at $16.64 on Wednesday. Carrizo Oil & Gas Inc has a one year low of $13.49 and a one year high of $31.57. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.84. The company has a market cap of $1.63 billion, a PE ratio of 11.64 and a beta of 2.28.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, topping the consensus estimate of $0.79 by $0.15. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. The company had revenue of $303.40 million during the quarter, compared to analysts’ expectations of $265.34 million. During the same quarter in the previous year, the company earned $0.33 EPS. Carrizo Oil & Gas’s revenue was up 67.3% on a year-over-year basis. As a group, equities research analysts forecast that Carrizo Oil & Gas Inc will post 3.13 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. BidaskClub lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Stifel Nicolaus lifted their target price on shares of Carrizo Oil & Gas from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Williams Capital reiterated a “buy” rating and set a $41.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, August 7th. Finally, Johnson Rice raised shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.59.

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Carrizo Oil & Gas Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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Institutional Ownership by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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